Central Government specifies the 16% (Taxable) Unsecured Redeemable Bonds issued by the Punjab National Bank u/s 80L - S. O. 332(E) - Income Tax Act, 1961
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Section 80L specified bonds: 16% unsecured redeemable Punjab National Bank bonds recognised as qualifying securities. Central Government, under section 80L of the Income tax Act, specifies Series II 16% taxable unsecured redeemable bonds issued by Punjab National Bank, identified by distinctive numbers 199927-389908 and Rs. 10,000 denomination, aggregating to the stated issuance amount, as those falling within clause (ii) of sub section (1) for the purposes of the section.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Section 80L specified bonds: 16% unsecured redeemable Punjab National Bank bonds recognised as qualifying securities.
Central Government, under section 80L of the Income tax Act, specifies Series II 16% taxable unsecured redeemable bonds issued by Punjab National Bank, identified by distinctive numbers 199927-389908 and Rs. 10,000 denomination, aggregating to the stated issuance amount, as those falling within clause (ii) of sub section (1) for the purposes of the section.
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